In his latest Q4 2021 Earnings Call, Rich Pzena discusses the danger of becoming anchored in investing. Here’s an excerpt from the call: If a client asked me as 2009 began, just after the peak of the global financial crisis, what I thought our strategy would earn over the next … Read More
One Stock Superinvestors Are Selling
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Li Lu’s Amazing Journey
In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Li Lu’s Amazing Journey. Here’s an excerpt from the episode: Jake: Yeah. This segment came from a couple of books I read last week that I didn’t really ever imagine fitting together when they ended … Read More
Josh Wolfe: ‘Buy-The-Dip’ No Longer Works
In his latest interview with CNBC, Josh Wolfe explains why ‘buy-the-dip’ no longer works. Here’s an excerpt from the interview: Wolfe: Well I think in some sectors it’s a mix. I think you’ve got a flat tire in some sectors. We’re looking at probably in my estimation a greater than … Read More
Charley Ellis: My 300x Bet In Berkshire Hathaway
In his recent article titled – Five Times Lucky, Charley Ellis discusses his 300x bet in Berkshire Hathaway. Here’s an excerpt from the article: Meal ticket. My third winning experience was the best. I was pleased to be invited to lunch by Sandy Gottesman, the much-admired senior partner of First Manhattan … Read More
One Stock Superinvestors Are Buying Or Holding
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Value’s Best 50 Days
In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Value’s Best 50 Days. Here’s an excerpt from the episode: Tobias: Yeah, this is going to be a total letdown now. But Wall Street Journal says, “Value investing is back.” Couple of great quotes in … Read More
Tweedy Browne: Price Is Once Again Starting To Matter In Investing
In their latest Q4 2021 Market Commentary, Tweedy Browne explain why price is once again starting to matter in investing. Here’s an excerpt from the letter: The last five years have been extraordinarily difficult for true value investors. Zero interest rate policies have a way of gumming up the pricing … Read More
Seth Klarman: Investors Must Maintain Their Bearings When Others Are Not
In his latest 2021 Year End Letter, Seth Klarman discusses why investors must maintain their bearings when others are not. Here’s an excerpt from the letter: Of course, consistent market gains are intoxicating; if a bull market could have a brain scan, we’d see all quadrants brightly lit up. With … Read More
Ken Fisher Top 10 Holdings (Q4 2021) – Latest 13F, Buys AAPL, AMD, MSFT, INTU, UBER
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
VALUE: After Hours (S04 E05): Value Best 50 Days, Misinformation, $QRATE vs $ZM Update
In this episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle chat about: Value’s Best 50 Days Li Lu’s Amazing Journey Misinformation And Why We Should Stop Reading The ‘News’ Keith McCullough’s Quad 4 $QRATE vs $ZM Update The S&P 5 ARKK’s Taxi Market Estimate … Read More
This Week’s Best Value Investing News (2/4/2022)
This week’s best investing news: Price-Conviction Paradox (Jamie Catherwood) Bubble Stock Meltdown (Verdad) The Small Steps of Giant Leaps (Farnam Street) Still Extreme Levels Of ‘Ridiculousness’ (Felder Report) Fluke (Collaborative Fund) Narrative and Metaverse, Pt. 2: Gain of Function (Epsilon Theory) The Business of Stocks (Barry Ritholz) How to Stop Sabotaging Your Investing (Safal) The Algebra of Wealth … Read More
Stock In Focus – TAM Stock Screener – Smith & Wesson Brands Inc (NASDAQ: SWBI)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: Smith & Wesson Brands Inc (NASDAQ: SWBI) Smith & Wesson Brands … Read More
Supply Chain Issues Everywhere
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Supply Chain Issues Everywhere. Here’s an excerpt from the episode: Tobias: But just that flood of money, I think that’s what made all of the asset prices run in a silly way. It’s also filtered … Read More
Ron Baron: Goodwill Is The Gift That Keeps On Giving
In his latest Q4 2021 Letter, Ron Baron discusses goodwill as the gift that keeps on giving. Here’s an excerpt from the letter: “During inflation, Goodwill is the gift that keeps on giving.” Warren Buffett. 2022. Buffett is such an easy person to quote. His sentences are simple. His ideas … Read More
Mark Leonard: Opportunities In Businesses That Have An “Earned Secret”
In his recent letter to prospective entrepreneurs, Mark Leonard discusses the opportunities in businesses with an “earned secret”. Here’s an excerpt from the letter: I tell this story to give two pieces of advice: 1) you don’t have to be a twenty-something year old with no dependents to start a … Read More
This Acquirers Multiple Stock Appearing In Dalio, Greenblatt, Cohen, Portfolios
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
Mega Bear Market Coming?
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Mega Bear Market Coming? Here’s an excerpt from the episode: Tobias: I was just interested to know. We’ve talked about this a few times before. The smalls were the only kind of group that were … Read More
Bill Nygren: How To Avoid Value Traps
In his latest interview on the Millennial Investing Podcast, Bill Nygren discusses how to avoid value traps. Here’s an excerpt from the interview: Anything that we look to buy in any of our Oakmark Funds has to meet three criteria. First, it has to be cheap. We want it to … Read More
Joel Greenblatt: The Two Types Of Businesses Investors Should Own
In this value investing masterclass, Joel Greenblatt discusses the two types of businesses investors should own. Here’s and excerpt from the masterclass: Greenblatt: The two types of businesses we like to see… I mean there’s two ways to get a high return on tangible capital. One is you don’t need … Read More